BoE Increase QE By GBP25 Billion
The BoE's MPC have announced that the simply don't think that GBP175 billion is enough, and have decided to increase QE by a further GBP25 billion.
Interest rates, unsurprisingly, were left unchanged at 0.5%.
The currency market appears unmoved by the news, maybe even relieved that it's not GBP50 million?
The pound currently stands at 1.6580 against the dollar, having briefly popped it's head above 1.6600.
Interest rates, unsurprisingly, were left unchanged at 0.5%.
The currency market appears unmoved by the news, maybe even relieved that it's not GBP50 million?
The pound currently stands at 1.6580 against the dollar, having briefly popped it's head above 1.6600.